Stacking Policies

[bboman23]

If she can get approved with RNA I could understand...other than that, I don't see many options to really save her money. What is 8-10 a month cheaper after she has paid it for a year? If she can't get fully underwritten, I think she may be in the best place as far as whole life is concerned.

 

[goillini52]

Lafayette street comp is 55%. Keep that in mind.

The guy from NASB would like that!

 

[Newby]

Lafayette street comp is 55%. Keep that in mind.

On what product?

That might be for captive agents but they pay pretty good for brokers. Just slightly less than most FE companies.

 

[onefastpony]

If she can get approved with RNA I could understand...other than that, I don't see many options to really save her money. What is 8-10 a month cheaper after she has paid it for a year? If she can't get fully underwritten, I think she may be in the best place as far as whole life is concerned.

I understand that she is GREAT where she is. I like Assurity. It's just that the premium for her and her husband on top of all of her other bills are killing her. Her husband is 71 and works PT at Sam's Club to help support them. I know 8-10 a month isn't huge but that 8-10 a month for the same policy can be HUGE for HER.

 

[jacobtn]

The guy from NASB would like that!

That guy from nasb is a moron, and acts like a 12 yr old girl. I blocked him right after he started calling my cell phone at midnight and breathing into the phone.

 

[senior-advisor-indiana]

That guy from nasb is a moron, and acts like a 12 yr old girl. I blocked him right after he started calling my cell phone at midnight and breathing into the phone.

I had the same problem with Rick so I forwarded all my calls to tins after midnight...

 

[jacobtn]

On what product?

That might be for captive agents but they pay pretty good for brokers. Just slightly less than most FE companies.

apparently I was misinformed if that is the case. I sent you a PM.

 

[bboman23]

I understand that she is GREAT where she is. I like Assurity. It's just that the premium for her and her husband on top of all of her other bills are killing her. Her husband is 71 and works PT at Sam's Club to help support them. I know 8-10 a month isn't huge but that 8-10 a month for the same policy can be HUGE for HER.

I am not looking at his policy, that is Transamerica and a whole different story. I just don't see you saving her money on her policy. If you can and its 1-2 dollars a month, that will not make up for the 1600-1700 she has already paid into the one she has.


Not saying this is you, but many agents wait til the policy is a year old and try to roll it over to get another advance commission, but in this case I think she might be in the best deal she can get...maybe lower her face amount if she can't afford it? I want a new ferarri, but I know I can't afford it so I have to settle with what I can afford. :/

 

[onefastpony]

I am not looking at his policy, that is Transamerica and a whole different story. I just don't see you saving her money on her policy. If you can and its 1-2 dollars a month, that will not make up for the 1600-1700 she has already paid into the one she has.


Not saying this is you, but many agents wait til the policy is a year old and try to roll it over to get another advance commission, but in this case I think she might be in the best deal she can get...maybe lower her face amount if she can't afford it? I want a new ferarri, but I know I can't afford it so I have to settle with what I can afford. :/

No, I'm not trying to flip it to make another commission, that is a by-product. The savings will be about 6 a month. I know, not a huge difference but I put her with Assurity because that is what I had access to at the time. If I stacked two polices it would save her 6 a month. Again. six bucks usually isn't anything but a lot of FE clients will switch for a saving of 6 bucks a month. Now, if I can get her into an RNA EL plan I will, that has a huge savings of 33 a month.

 

[bboman23]

No, I'm not trying to flip it to make another commission, that is a by-product. The savings will be about 6 a month. I know, not a huge difference but I put her with Assurity because that is what I had access to at the time. If I stacked two polices it would save her 6 a month. Again. six bucks usually isn't anything but a lot of FE clients will switch for a saving of 6 bucks a month. Now, if I can get her into an RNA EL plan I will, that has a huge savings of 33 a month.

Like I said the RNA for 33 a month less is something to do. 6 a month, I really feel like your hurting the client. She is 1 year from being out of contestability and plus she will have to pay the new policy for 276 months to justify the 6 dollars a month in savings....just bad judgement in my opinion. Keep in mind, your a grown man and can do what you want, but I am just telling you what I think is best for the client.